Recent company layoffs - Nissan

Nissan Motor Co. Announced: Feb. 9 Number of layoffs: 20,000 jobs Reason for the cuts: It is slashing jobs to cope with what Japan's third-largest automaker expects will be its first annual loss in nine years.

Nissan Motor Co. Announced: Feb. 9 Number of layoffs: 20,000 jobs Reason for the cuts: It is slashing jobs to cope with what Japan's third-largest automaker expects will be its first annual loss in nine years. (Akihiro I / Getty Images)

Nissan Motor Co. Announced: Feb. 9 Number of layoffs: 20,000 jobs Reason for the cuts: It is slashing jobs to cope with what Japan's third-largest automaker expects will be its first annual loss in nine years.Akihiro I / Getty Images